Jun. 21--Cessna Aircraft Co. announced Wednesday that it has received an order worth more than $1 billion from fractional ownership company NetJets for 96 Citation business jets.
The order includes 50 Encore Plus jets, 37 XLS Plus jets and nine Citation X jets. NetJets is Cessna's largest customer.
Deliveries will begin in the near future, said Cessna spokesman Doug Oliver, who did not immediately know the delivery schedule. But "it will take some years to deliver all the aircraft," he said.
The order "fits right into regular production," he said, and will not lead to additional hiring.
Over the past 21 years, Cessna has delivered 340 Citation business jets to NetJets for its U.S. and European fractional ownership business. The latest order, announced Wednesday at the Paris Air Show, will be used in NetJet's U.S. operations, Oliver said.
NetJets allows customers to buy a portion of an aircraft and pay monthly fees for maintenance and use. It also allows customers to buy 25-hour increments of flight time.
In other news Wednesday from the Paris Air Show:
--Hawker Beechcraft Corp. announced it has reached an agreement with InterGlobe General Aviation Private Limited to provide sales and service support to customers in India. The company was appointed as Hawker Beechcraft's representative for its Hawker line of planes.
--The company also signed an agreement with Empire Aviation Group in Dubai to be its international sales representative in Bahrain, Oman, Qatar and the United Arab Emirates.
--Adam Aircraft announced it has finalized a $105 million round of financing and will use the new capital to accelerate production of the A500 piston twin-engine aircraft and the A700 very light jet.
It allows the Englewood, Colo., company to pursue product development and production growth plans.
--Airbus and Boeing also announced additional orders.
Boeing announced that Air France-KLM Group has placed orders for nine 777-300ERs and seven 737-700s at a value of $2.7 billion at list prices.
Airbus announced orders from Russian carrier Aeroflot for 22 Airbus A350 XWB (extra wide-body) aircraft and five A321s. It also will lease 10 more A330-200s.
Etihad Airways, the national airline of the United Arab Emirates, has ordered 12 Airbus jets, including five A330-200s, four A340-600s and three A330-200Fs, a freighter.
Kingfisher Airlines in India is buying up to 50 Airbus aircraft, including 15 A350-800XWBs, 10 A330-200s, five A340-500s and 20 A320s. Flyington Freighters, an air freight company, has orders for six Airbus A330-200F freighters, following an order for six A330s in May.
Afriqiyah Airways in Libya placed an order for five A320s and signed a memo of understanding for six A350XWBs.
A subsidiary of Aircastle Limited is buying 15 A330-200F aircraft, becoming one of the launch customers for the new Airbus freighter.
Leasing company CIT Aerospace is ordering seven A350 XWBs and 25 A320 airplanes.
Reach Molly McMillin at 316-269-6708 or [email protected] [mailto:[email protected]]
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